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20121211
20121211
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, corruption scandals, and disastrous investments in the u.s. and brazil. it was hoping to benefit from lower production costs at the new steel plant near rio de janeiro. the costs to build the facility have spiraled out of control. billions of euros wasted. it is a similar picture in the u.s. where a costly steel plant is incurring heavy losses due to the steel downturn. investment decisions have weighed heavily with building costs rising to 12 billion euro. to make matters worse, they have been hit with huge funds in their real division. this has triggered a leadership crisis. the executive board has asked three top executives to leave. >> until now, there has been in management style where the old boys' network was more important than corporate success. to some extent, this led to ignoring irregularities rather than correcting them. >> despite the crisis, he is trying to reverse the fortunes. they plan to sell the troubled plants in the u.s. and reduce their presence in the risky steel sector. they are examining all options. >> for more rainiers on the reaction from traders, we have this r
from our bureau in bangkok. >> the u.s. department of defense has released its latest report on the on going battle with taliban in afghanistan. progress has been made, but much remains to be done. pressing issue, how to best train afghan forces to maintain security. the report released to the u.s. congress on monday. a key claim is that 76% of the country's population lives in areas where afghan police and troops maintain the leading role in security. it also states that attacks by the taliban rose by 1% for the period of april to september, known as the afghan fighting season. the pentagon says increased violence centered on rural areas and security in cities dramatically improved during the same period. since the start of the year, attacks fell 22% in kabul, 62% in kandahar, and 88% in mazhar-i-sharif. compares with 211. critical concerns are also detailed in the report. international forces have been training afghan security forces for years, but the report says very few afghan units are fully dependent from international counterparts when carrying out operations. another
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